UBM Development AG
Vienna, May 15, 2023 (ots)
UBM Development AG has published its ESG report for the 2022 financial year. This report describes UBM’s management approaches, goals and measures along the three pillars of environment, social affairs and governance, and highlights successes and challenges. The voluntary report was prepared in accordance with the internationally recognized GRI standards 2021 of the Global Reporting Initiative and was subject to an independent external audit by an auditor. In addition, UBM also makes reference to important frameworks and standards such as the UN Global Compact, the TCFD (Task Force on Climate-related Financial Disclosures) and the Sustainable Development Goals (SDGs) of the United Nations in its reporting.
Focus on timber construction, renewable energies and energy efficiency
In the area of environment, UBM relies in particular on the use of renewable energies, energy-efficient building design and low-emission building materials. The construction and real estate industry causes almost 40% of global CO2 emissions and is responsible for more than a third of global energy consumption. “Timber construction is the greatest lever for reducing the CO2 footprint when constructing buildings. Every cubic meter of wood binds a ton of CO2 in the long term and only needs the sun as an energy source for its “production”,” explains Thomas G. Winkler, CEO of UBM Development AG, the strategic focus on timber construction. More than 250,000m² are already being implemented or are planned in hybrid wood construction, thus contributing to the goal of becoming one of the leading developers of wood construction projects in Europe.
Other focal points of UBM are the use of renewable energy sources such as geothermal energy and photovoltaics, as well as measures to increase the energy efficiency of buildings through smart sensors. Lighthouse projects such as the LeopoldQuartier and the Timber Pioneer are presented in detail in the ESG report and in the UBM annual report.
Social responsibility and good corporate governance
For UBM, responsible management also means taking social aspects into account. In the immediate sphere of influence, this includes the design of the working environment for employees. UBM introduced an attractive New Work model in 2022: every second Friday is free. The community within UBM is strengthened by a large number of events, such as the Welcome Day for new employees. The UBM-wide Climate Impact Day was implemented as a special training initiative in the area of ESG. The program included top-class lectures and workshops to raise awareness of the topic of ESG.
As a developer, UBM also has a special responsibility towards local communities and society at large. The code of conduct for business partners is intended to ensure that suppliers are also aware of their impact along the value chain. In this context, UBM’s most important suppliers were reviewed in 2022 with regard to their ESG commitment.
For the successful implementation of the strategic orientation green. smart. and more. UBM also received multiple awards in 2022. In addition to top ratings from renowned ESG rating agencies such as CDP, ISS ESG and EcoVadis, UBM received the Vienna Stock Exchange’s sustainability award and was included in the Austrian sustainability index VÖNIX.
Green Finance Framework for green finance
After UBM issued two sustainability-linked bonds with a total volume of a quarter billion euros in 2021, the Green Finance Framework is another important building block in the implementation of the UBM strategy. The framework applies to the issuance of green financial instruments, the net proceeds of which are used solely to fund and/or refinance green projects with clear environmental benefits. It was developed in accordance with market best practices (ICMA Green Bond Principles 2021, LMA Green Loan Principles 2023), based on the EU taxonomy, and has been reviewed by the ESG rating and research agency ISS ESG as part of a second party opinion.
The documents can be downloaded using the links below.
ESG report:
https://www.ubm-development.com/de/?flipbook
Green Finance Framework: https://www.ubm-development.com/de/esg/
UBM Development is one of the leading developers of timber construction projects in Europe. The strategic focus is on green building and smart offices in major cities such as Vienna, Munich, Frankfurt and Prague. The platinum rating from EcoVadis and the prime status from ISS ESG confirm the consistent focus on sustainability. With 150 years of experience, UBM offers all development services from planning to marketing from a single source. The shares are listed on the Prime Market of the Vienna Stock Exchange, the segment with the highest transparency requirements.
Press contact:
Christopher Rainer
Head of Investor Relations & ESG ESG
UBM Development AG
Mob.: + 43 664 80 1873 2022 200
E-Mail: [email protected]
Original content from: UBM Development AG, transmitted by news aktuell
